Jaiyoung KIM

  • Attorney
  • Partner
  • T. +82-2-3404-0168
  • F. +82-2-3404-7307
  • E. jaiyoung.kim@bkl.co.kr

Overview

Jaiyoung Kim practices in the areas of insurance, financial regulation, financial business licensing & governmental approval, sea, trade, data privacy, energy, and general criminal cases. Mr. Kim once worked as a prosecutor with Seoul District Prosecutors’ Office and the Gangneung Branch of Chuncheon District Prosecutors’ Office for 3 years from 1996. From 1999, he began to practice as a lawyer, and since then, has advised domestic/foreign insurance companies, insurance-related organizations, shipping and shipbuilding companies, financial supervisory authorities, etc. on insurances, insurance claims (in litigations), insurance industry regulation, insurance industry M&As, and all sorts of disputes related to sea and trade. Also, he has advised on financial/insurance crimes, data privacy in financial area, general criminal cases, and the energy issues of leading domestic public corporations.

Based on his experience, Mr. Kim wrote several books and papers, such as Traffic Penalty Law, Measures to Streamline the Insurance Legal System for the Gaeseong Industrial Complex, and Trends of Insurance Legal System in North Korea and Direction of Integration of Insurance Legal Systems of North and South Korea. He currently serves as a non-standing member of the Consumers Dispute Settlement Commission, Korea Consumer Agency, and a member of the Administrative Trial Committee, Seoul Metropolitan Office of Education.

Representative Experience

1999-Present Bae, Kim & Lee LLC
1998-1999 Prosecutor, Gangneung Branch of Chuncheon District Prosecutors' Office
1996-1998 Prosecutor, Seoul District Prosecutors' Office
See More
2018-2022 Member, Administrative Trial Committee, Seoul Metropolitan Office of Education
2016-Present Non-standing Member, Consumers Dispute Settlement Commission, Korea Consumer Agency
2016-2019 Non-standing Director, Korea Insurance Development Institute
2015-2016 Member, Integrated Promotion Committee, Credit Information Collection Agency
2014-2016 Member, Insurance Information Network Steering Committee, Korea Insurance Development Institute
2011-2014 Member, Managing Council for Insurance Professional Exams, Financial Supervisory Service
2008-2010 Member, Broadcast Development Fund Management Committee, Korea Communications Commission

Representative Matters

Advised on merger between Shinhan Life Insurance and Orange Life Insurance
Advised Samsung Fire & Marine Insurance on investment in shares in Lloyd's, a damage insurance company in Britain
Represented Korea East-West Power in international arbitration and litigation related to assembly insurance claim for Dangjin Thermal Power Plant Units 9 and 10
Advised Samsung Life Insurance, Hanwha Life Insurance, etc. on response to general examination by the Financial Supervisory Service
Represented Mirae Asset Life Insurance, etc. in litigation related to immediate annuity
Advised on merger between Shinhan Life Insurance and Orange Life Insurance
Advised Samsung Fire & Marine Insurance on investment in shares in Lloyd's, a damage insurance company in Britain
Represented Korea East-West Power in international arbitration and litigation related to assembly insurance claim for Dangjin Thermal Power Plant Units 9 and 10
Advised Samsung Life Insurance, Hanwha Life Insurance, etc. on response to general examination by the Financial Supervisory Service
Represented Mirae Asset Life Insurance, etc. in litigation related to immediate annuity
Advised Green Insurance on contract transfer and acquisition
Advised Fubon on the acquisition of Hyundai Life Insurance
Conducted a commissioned task of inspecting and improving the concentrated utilization system of personal credit information at the request of the Korea Life Insurance Association
Conducted a commissioned research on the amendment direction of the Insurance Business Act
Advised Samsung Fire and Marine Insurance on an insurance case related to car purchase loan
Advised on big fire incidents related to HomePlus supermarket, logistics center of Cheil Industries Inc. and Goyang Terminal, etc. and represented in relevant suits
Advised Gaesung Industrial Complex on improvement of insurance legislation and the South-North economic cooperation insurance
Advised HSBC on acquisition of shares in SK Shipping
Advised SLS Shipbuilding on dispute over shipbuilding contract
Advised Hanjin Shipping on dispute related to charterage and represented it in relevant litigation
Advised Korea Western Power on purchase of power generation fuel and marine transportation
Advised KEPCO on the spin-off of its power generating subsidiary
Advised Korea Electric Power Industrial Development on its privatization
Advised on matters related to Gyeongin Canal business
Advised Korea Post on the project for streamlining of management of special post offices
Advised Incheon International Airport Corporation on the management structure improvement project
Conducted a task of amending aviation laws and regulations at the request of the Ministry of Land, Transport and Maritime Affairs

Education

2004 Southern Methodist University Dedman School of Law (LL.M.)
1996 Judicial Research and Training Institute, Supreme Court of Korea
1992 Yonsei University (LL.B.)

Selected Activities

Publications
Practical Guide to Investment in North Korea (Co-author, Do & Book, 2020)
Measures to Streamline the Insurance Legal System for the Gaeseong Industrial Complex and Measures to Establish Legal System Infrastructure for the Gaeseong Industrial Complex: A Collection of Papers of the 2006 Academic Conference on Law of North Korea and the Development of Inter-Korean Relations Act (North Korean Law Studies, 2006)
Traffic Penalty Law (Seoul District Prosecutors' Office, 1996)
Activity
Speaker, Trends of Insurance Legal System in North Korea and Direction of Integration of Insurance Legal Systems of North and South Koreas (Korean Bar Association, 2015)

Qualifications

2007 New York
1996 Korea